Jim Hendrickson has successfully started 4 companies and he has bought and sold 7 more, consistently building them to the double digits in sales and returns. He sat down with us last week during a Clarity Live session and gave us his best advice on why it is important to build an exit strategy. Below are some of his tips on the art of successful exits:

Exit strategies improve the odds of success for a business. Whether it be liquidation, selling the business, an acquisition, or an IPO, it is important to think about your exit ahead of time, and doing so will lead to improvements in many other areas of your company.

Management

Exit strategies can help conquer and shine a light on bad management situations. Understanding how you want to exit ...